§ 4015.
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/vt/title-14/chapter-127/4015A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4015. Exoneration of agent
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal’s successors in interest except to the extent the provision:
(1)relieves the agent of liability for breach of duty committed:
(A)dishonestly;
(B)in bad faith;
(C)with reckless indifference to the purposes of the power of attorney;
(D)through willful misconduct;
(E)through gross negligence; or
(F)with actual fraud; or
(2)was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal. (Added 2023, No. 60, § 1, eff. July 1, 2023.)